Anyone who exercised their subscription rights should see their new shares in their brokerage account today. $DSRT (-37.78%)
A brief note on the semi-annual report:
Desert Control made significant operational progress in the first half of 2026. The company has completed 42 pilot projects at large agricultural operations and golf courses so far, compared to just seven in all of the previous year. In two trials with romaine lettuce, yield increases of more than 30 percent were achieved. In addition, a new, more efficient production facility was successfully commissioned.
Financially, however, Desert Control remains highly speculative. In the first half of the year, the company reported an EBITDA loss of 35.1 million NOK, while its cash balance stood at 18 million NOK at the end of June. A capital increase is intended to secure financing through the third quarter of 2027. For 2026, the company continues to expect revenue of around $2 million, with the majority of that revenue expected to be generated in the second half of the year through the conversion of pilot projects into commercial contracts.
The bottom line is that the technology appears to be working, and customer interest is growing significantly. The key question now, however, is whether the many successful tests will actually lead to larger, paid contracts and, eventually, a viable business model.
